The re-import of table or kitchen articles of aluminum to China is forecasted to decline from approximately 146.23 thousand kilograms in 2024 to 98.37 thousand kilograms by 2028. This represents a downward trend with a continuous year-on-year decrease of around 8-10%. In 2023, the actual volume was higher than the forecasted figures for the following years. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is negative, indicating a steady decrease in re-import volumes.
Trends to watch moving forward include:
- Changes in global supply chain logistics and transportation costs that might further impact import volumes.
- Domestic production capabilities in China and their effect on import reliance.
- Fluctuations in domestic demand for aluminum kitchenware, influenced by consumer preferences and economic conditions.
- Potential policy changes impacting trade agreements and tariffs.